NASDAQ:TCPC

BlackRock TCP Capital (TCPC) Stock Price, News & Analysis

$10.03
-0.10 (-0.99%)
(As of 04/23/2024 ET)
Today's Range
$10.02
$10.20
50-Day Range
$9.90
$11.26
52-Week Range
$9.61
$13.00
Volume
767,193 shs
Average Volume
471,471 shs
Market Capitalization
$579.43 million
P/E Ratio
15.20
Dividend Yield
13.56%
Price Target
$11.25

BlackRock TCP Capital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.2% Upside
$11.25 Price Target
Short Interest
Healthy
1.44% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-6.36%
From $1.73 to $1.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.74 out of 5 stars

Finance Sector

520th out of 828 stocks

Fire, Marine, & Casualty Insurance Industry

34th out of 51 stocks

TCPC stock logo

About BlackRock TCP Capital Stock (NASDAQ:TCPC)

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.

TCPC Stock Price History

TCPC Stock News Headlines

Elon Musk’s Controversial New Project: “Apollo”
Have you seen this footage outside the headquarters of Elon Musk's "Project Apollo?" Big Tech and the mainstream media have called this project "controversial"...
BlackRock TCP Capital Corp.
Elon Musk’s Controversial New Project: “Apollo”
Have you seen this footage outside the headquarters of Elon Musk's "Project Apollo?" Big Tech and the mainstream media have called this project "controversial"...
BlackRock TCP Capital Corp (TCPC)
Q4 2023 BlackRock TCP Capital Corp Earnings Call
BlackRock TCP Capital Corp. (TCPC)
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 3/29 Dividend
3/13/2024
Dividend Payable
3/29/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Asset Management & Custody Banks
Current Symbol
NASDAQ:TCPC
CUSIP
87238Q10
Employees
19,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.25
High Stock Price Target
$12.00
Low Stock Price Target
$10.50
Potential Upside/Downside
+12.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$38.47 million
Pretax Margin
51.02%

Debt

Sales & Book Value

Annual Sales
$50.67 million
Cash Flow
$2.38 per share
Book Value
$11.90 per share

Miscellaneous

Free Float
57,675,000
Market Cap
$579.40 million
Optionable
Optionable
Beta
1.43
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TCPC Stock Analysis - Frequently Asked Questions

Should I buy or sell BlackRock TCP Capital stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackRock TCP Capital in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TCPC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCPC, but not buy additional shares or sell existing shares.
View TCPC analyst ratings
or view top-rated stocks.

What is BlackRock TCP Capital's stock price target for 2024?

5 Wall Street research analysts have issued 12 month price targets for BlackRock TCP Capital's shares. Their TCPC share price targets range from $10.50 to $12.00. On average, they expect the company's stock price to reach $11.25 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for TCPC
or view top-rated stocks among Wall Street analysts.

How have TCPC shares performed in 2024?

BlackRock TCP Capital's stock was trading at $11.54 on January 1st, 2024. Since then, TCPC shares have decreased by 13.1% and is now trading at $10.03.
View the best growth stocks for 2024 here
.

Are investors shorting BlackRock TCP Capital?

BlackRock TCP Capital saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 833,500 shares, a decline of 55.4% from the March 15th total of 1,870,000 shares. Based on an average daily volume of 470,800 shares, the short-interest ratio is currently 1.8 days.
View BlackRock TCP Capital's Short Interest
.

When is BlackRock TCP Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our TCPC earnings forecast
.

How can I listen to BlackRock TCP Capital's earnings call?

BlackRock TCP Capital will be holding an earnings conference call on Wednesday, May 1st at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "108648".

How were BlackRock TCP Capital's earnings last quarter?

BlackRock TCP Capital Corp. (NASDAQ:TCPC) posted its quarterly earnings results on Thursday, February, 29th. The investment management company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by $0.04. The investment management company had revenue of $50.85 million for the quarter, compared to analyst estimates of $53.36 million. BlackRock TCP Capital had a net margin of 18.38% and a trailing twelve-month return on equity of 14.59%.

How often does BlackRock TCP Capital pay dividends? What is the dividend yield for BlackRock TCP Capital?

BlackRock TCP Capital declared a quarterly dividend on Thursday, February 29th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.34 per share on Friday, March 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.56%. The ex-dividend date of this dividend is Wednesday, March 13th.
Read our dividend analysis for TCPC
.

Is BlackRock TCP Capital a good dividend stock?

BlackRock TCP Capital (NASDAQ:TCPC) pays an annual dividend of $1.36 per share and currently has a dividend yield of 13.35%. TCPC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 206.06%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TCPC will have a dividend payout ratio of 83.95% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TCPC.

What ETFs hold BlackRock TCP Capital's stock?
What other stocks do shareholders of BlackRock TCP Capital own?
Who are BlackRock TCP Capital's major shareholders?

BlackRock TCP Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Hennion & Walsh Asset Management Inc. (0.00%), Confluence Investment Management LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.00%), Ignite Planners LLC (0.00%), Nations Financial Group Inc. IA ADV (0.09%) and Wealthcare Advisory Partners LLC (0.00%). Insiders that own company stock include Andrea Petro, Erik L Cuellar, Karyn Leigh Williams and Rajneesh Vig.
View institutional ownership trends
.

How do I buy shares of BlackRock TCP Capital?

Shares of TCPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TCPC) was last updated on 4/24/2024 by MarketBeat.com Staff

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